BOMBAY DYEING - Ready to Move to the Next OrbitThe stock after facing price rejection in the range of 224 to 241 was pushed down to the 50 DMA. It moved almost sideways in the last three months. Recently we saw some interest coming back into the stock with the relative strength and the money flow turning positive and the volume was also increasing. The stock remained very strong during the recent weakness we saw in the overall market. Now finally it has crossed above the price rejection zone with good volume support. The delivery volumes saw substantial increase recently. All other parameters like the buying pressure, volume adjusted momentums, absolute momentum everything seem to be favouring further up move. Looks like the stock is ready to move to the top into the next orbit.
X-volume
MAZAGON DOCKS - ON A RECOVERY PATH ?The stock after a buying climax bar in the month of July was overwhelmed with the supply of the BC bar and was pushed down to below the 50 DMA levels. Then it started accumulating around the 50 DMA and now it's finally getting pushed above the short-term moving averages. And all the key parameters like the relative strength, absolute strength, the money flow, buying pressure are all nicely stacked up favouring further up move. So, this could move up again. Another 1000 points testing 5400 levels. However, it is better to watch the next couple of bars to see if there is follow-up support coming.
ICP Long Swing SetupThe chart suggests a bullish outlook based on the volume and price action. The significant volume spikes during rallies indicate strong buying interest.
The current low volume during the pullback phase supports the possibility of accumulation.
If the price breaks above the recent highs with increasing volume, it could signal the continuation of the uptrend.
traders await US CPI on ThursdayGold price remains confined in a narrow range as traders await US CPI on Thursday
10 January 2024
• Gold price extends its consolidative price move above a multi-week low touched on Monday.
•The Fed rate cut uncertainty is holding back traders from placing aggressive directional bets.
• Elevated US bond yields underpin the USD and cap gains ahead of the US CPI on Thursday.
Technical Analysis: Gold price bears await a break below the 50-day SMA support near $2,017 area
From a technical perspective, the multi-week low, around the $2,017 area touched on Monday, which now coincides with the 50-day Simple Moving Average (SMA), should protect the immediate downside. A convincing break below could make the gold price vulnerable to accelerate the slide towards the $2,000 psychological mark. Some follow-through selling will expose the December swing low, around the $1,973 region, before the XAU/USD eventually drops to the $1,965-1,963 confluence, comprising the 100- and 200-day SMAs.
On the flip side, the $2,040-2,042 zone might continue to act as an immediate strong barrier, above which the Gold price could aim to retest Friday's swing high, around the $2,064 area. The next relevant hurdle is pegged near the $2,077 area, which if cleared decisively will negate any near-term negative outlook and set the stage for a move towards reclaiming the $2,100 round figure.
Gold price (XAU/USD) met with some supply following an uptick to the $2,040 area on Tuesday and finally settled with only modest gains on Tuesday. The precious metal continues with its struggle to gain any meaningful traction during the Asian session on Wednesday as traders seek more clarity on the Federal Reserve's (Fed) rate cut path before placing directional bets. Hence, the market focus will remain glued to the release of the latest consumer inflation figures from the United States (US) due on Thursday, which will play a key role in determining the near-term trajectory for the commodity.
Ahead of the key data risk, investors have been scaling back their expectations for a more aggressive policy easing by the Fed in the wake of a robust December US jobs report on Friday, which pointed to a still-resilient labor market. This remains supportive of elevated US Treasury bond yields and acts as a tailwind for the US Dollar (USD), capping the non-yielding Gold price. That said, geopolitical risks stemming from the Israel-Hamas war and persistent worries over a slow economic recovery in China – the world's second-largest economy – should lend some support to the safe-haven precious metal.
Daily Digest Market Movers: Gold price struggles for a firm direction amid mixed fundamental cues
• The uncertainty over the timing of when the Federal Reserve will start cutting interest rates holds back traders from placing fresh directional bets around the gold price.
The New York Fed reported on Monday that US consumers' projection of inflation fell to the lowest level in nearly three years in December, raising bets for an imminent shift in the Fed's policy stance.
Meanwhile, the resilient US economy, which is experiencing above-target inflation, gives the US central bank more headroom to keep interest rates higher for longer.
• This allows the yield in the benchmark 10-year US government bond to hold above the 4.0% threshold, which lends support to the US Dollar and caps the yellow metal.
Bearish traders, however, seem reluctant and prefer to wait on the sidelines ahead of the latest US consumer inflation figures, due for release on Thursday.
Citing a senior US Defense Department official, CNBC reported late Tuesday that Iran-backed Houthi militants launched the largest attack to date on commercial merchant vessels.
A senior People's Bank of China official said this Wednesday that the central bank may use monetary policy tools to provide strong support for reasonable credit growth.
The official added that the PBoC will strengthen its counter-cyclical and cross-cycle policy adjustments to create favorable conditions for the country's economic growth.
• There isn't any relevant market-moving macro data scheduled for release from the US on Wednesday, leaving the XAU/USD at the mercy of the USD price dynamics.
GAP Short under 18.50Retracement play for XETR:GAP after major earnings pop. Beware this still has momentum , but we are reaching an overvalued territory.
Big volume gap also seen above 19 , which is unlikely to fill with this overextended trend.
Price target - $15
Volume price Volume price is my term meaning the average price for a certain traded volume in a certain period of time.
As an example, I took the BTCUSD chart
To find out at what level the largest volume is traded, there is a tool called "Fixed Volume Profile" FRVP (located on the sidebar, in the Tools for Measurement and Forecasting cell).
Here I stretched it for the period from November 14, 2020 to August 03, 2023 POC the orange line in my case (it's so convenient for me) shows the same maximum volume, and if you put a horizontal line with a price display in its place, we will see the price of 16752.88 - this is the price of volume.
That is, the largest volume was traded at this price.
A fixed volume profile can be applied on any segments of the chart, for example, from high to low, or from low to low, or from high to high, or in the sideways.
What does this give us?
Firstly, we understand at what price large capital gained or gave away its position.
Secondly, it forms the most powerful level for a certain time period (time frame).
And finally, the volume has a price.
Key levels for ESCME_MINI:ES1! is breaking the 10 day trend line. Key levels to watch for as shown
3933 - 10 D POC level
- if this holds, this trendline break might be considered a false one and we might see a bounce higher
- otherwise, I see a lots of trapped longs above this level. We might head towards 3890
TOTAL Crypto Market Cap 1 HR TOTAL - Total Crypto Market Cap 1 HR
Volume coming in! Above the 200 MA and holding for now...
Peeps buying #Bitcoin and Crypto.... <---
Banks are Failing.... <---
Silvergate - Silicon Valley ...
#DoYourOwnReasearch
Lets See what happens this week!
Gonna be interesting...
Good Luck Out There!
$BRQS Cup and Handle Went long BRQS nice cup and handle with volume and breakout here with first target .4 to scale out
Volume of trade enterThe volume of trading in relation to your capital play an important role in emotional liabilities such greed and fear.
Greed let you execute large volume with high risk
Fear let you out of the market even when you have a clear setup and edge.
The low volume of trading plan play an important role in attenuation of greed and fear gradually.
With time you will find yourself a good player in the money game.
The low volume of your trading master your plan ,execution and psychology.
It help you how make money with low risk and high profit and how to catch the trend from the beginning.